Upstox data showed Welspun Living shares touched ₹243 intraday on Nov. 2 after the Indian home-textile maker reported a sharp rise in quarterly earnings and higher operating revenue.
Upstox put the session peak about 10.9% above its reported previous NSE close of ₹219.08. At 12:16 a.m. ET (05:16 UTC) on Nov. 2, the shares were at ₹231.60, up 5.71%, the market-data provider showed.
Welspun Living’s board approved its unaudited consolidated results on Oct. 30. For the quarter ended Sept. 30, revenue from operations totaled ₹2,838.12 crore, compared with ₹2,440.91 crore a year earlier. Consolidated net profit was ₹169.66 crore, against ₹14.86 crore in the prior-year quarter.
The company reported EBITDA of ₹370 crore and a 12.9% EBITDA margin, 600 basis points higher than a year earlier. It also said it had moved to a net-cash position from net debt of ₹775 crore as of March 2026. Its cash conversion cycle, which tracks cash tied up in operations, was 44 days, down from 82 days.
Home Textiles revenue reached ₹2,689.02 crore, up from ₹2,321.61 crore. Flooring revenue was ₹216.23 crore, compared with ₹181.26 crore, and the company reported a 10.8% EBITDA margin for that segment.
LiveMint reported that Nuvama raised its target price to ₹256 from ₹209. The outlet also reported that JM Financial retained its Buy rating while cutting its target to ₹275 from ₹285.
Market-data pages displayed different six-month share-return figures: 69.88% on Upstox and 81.45% on ICICI Direct. The pages did not explain their calculation windows, so the figures are not directly comparable.
Rain and flooding affected operations at Welspun Living’s Vapi plant from July 23, 2026, the company said. It reported ₹125 crore in on-account insurance proceeds and ₹7.16 crore in net charges for inventory write-offs, property damage and restoration. The company expects full restoration during the year.
